Warner Bros. Discovery Matches Amazon's $20.9B Bid for NBA Rights at $1.8 Billion Per Year

Jul 22, 2024, 08:07 PM

Warner Bros. Discovery has officially announced its intention to match Amazon's $20.9 billion bid for NBA and WNBA media rights. The company secured a letter of credit from undisclosed banks to support the bid. TNT Sports, a subsidiary of Warner Bros. Discovery, has informed the NBA that it plans to match Amazon Prime Video's new 11-year agreement, which is valued at $1.8 billion per year. The NBA now faces a decision between the two offers. However, there is speculation that the league may decline TNT's claim due to the differences in global reach between a traditional network and a streaming service, potentially leading to a legal battle. Warner Bros. Discovery expressed confidence in its bid, stating, 'We look forward to the NBA executing our new contract.' The matching bid is part of the NBA’s new $76 billion rights deals and would take effect in the 2025-26 season.